A hedge fund manager appointed to the Bank of England’s monetary policy committee (MPC) has succumbed to pressure about potential conflicts of interest by severing financial links with his former employer.

Goldman Sachs has agreed to pay around $270m to settle a lawsuit by investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities, two people familiar with the case said.

The Brexit vote was a negative shock but the tragedy no longer looks like a 'fait accompli,' George Soros said in a speech at the European Parliament on Thursday, and it has created "positive momentum for a stronger and better Europe".